Bausch Health Companies reports $344M Q4 loss, revenue edges lower

LAVAL, Que. — Bausch Health Companies Inc. reported a loss of $344 million in its latest quarter compared with a profit a year ago.

The company says the loss amounted to 98 cents per share for the quarter ended Dec. 31.

That compared with a profit of $513 million or $1.45 per share in the last three months of 2017.

On an adjusted basis, Bausch Health says it earned $368 million for the quarter compared with an adjusted profit of $347 million a year earlier.

Revenue totalled $2.12 billion for the quarter, down from $2.16 billion in the fourth quarter of 2017.

In its outlook for 2019, the company says it expects full year revenue in the range of $8.3 billion to $8.5 billion and adjusted earnings before interest, taxes, depreciation and amoritization in a range from $3.35 billion to $3.5 billion.